)
Company Research7 Mar 2024
Companies That Had Their IPO in 2000: Last Days of the Dot Com Bubble
An overview of the IPO market in 2000 as the dot com bubble reached its peak.
Garmin (GRMN) investor relations material
Garmin Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Achieved record Q3 2025 revenue of $1.8 billion, up 12% year-over-year, and record operating income of $457 million, up 4% year-over-year, driven by double-digit growth in Fitness, Aviation, and Marine segments.
Pro forma EPS was $1.99 and GAAP EPS was $2.08; full-year EPS guidance raised to $8.15.
Net income for Q3 2025 was $401.6 million.
Strong performance attributed to a diversified business model and successful new product launches, including advanced wearables and cycling computers.
Named 2025 Manufacturer of the Year by the National Marine Electronics Association for the 11th consecutive year.
Financial highlights
Q3 2025 revenue: $1.77 billion, up 12% year-over-year; operating income: $457 million, up 4% year-over-year.
Gross margin: 59.1%, down 90 bps from prior quarter; operating margin: 25.8%.
GAAP EPS: $2.08; pro forma EPS: $1.99, flat year-over-year.
Free cash flow: $425 million in Q3; operating cash flow: $486 million.
Cash and marketable securities: $3.9 billion at quarter end.
Outlook and guidance
Full-year 2025 revenue guidance raised to $7.1 billion; gross margin expected at 58.5% and operating margin at 25.2%.
Pro forma EPS guidance increased to $8.15; pro forma tax rate expected at 17.5%.
Segment revenue growth estimates: Fitness 29%, Outdoor 3%, Aviation 10%, Marine 10%, Auto OEM 8%.
Management expects existing cash balances and operating cash flow to be sufficient for both short- and long-term needs.
Net cash outlays for income taxes in 2025 are projected to be lower than previously anticipated due to recent U.S. tax legislation.
Outdoor segment growth recovery plan?
Auto OEM path to profitability?
Future EPS impact from foreign currency?
Outdoor segment growth drivers beyond fenix 8?
Auto OEM margin outlook post-warranty issue?
Impact of AI demand on component sourcing?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Garmin earnings date
Q4 202518 Feb, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its products include personal navigation devices; navigation systems; outdoor handhelds comprising wireless communication products and outdoor navigation products; automotive/mobile products that offer consumer and professional grade global positioning system (GPS) enabled products for the automotive and mobile markets; marine instruments and instruments to measure environmental parameters.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage